Strattec Security Corporation (STRT) Insider Patrick J. Hansen Sells 1,000 Shares of Stock
Strattec Security Corporation (NASDAQ:STRT) insider Patrick J. Hansen sold 1,000 shares of the stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $35.40, for a total value of $35,400.00. Following the transaction, the insider now owns 10,950 shares in the company, valued at approximately $387,630. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Strattec Security Corporation (STRT) opened at 38.85 on Wednesday. Strattec Security Corporation has a 12 month low of $23.00 and a 12 month high of $44.42. The firm’s 50-day moving average price is $34.62 and its 200-day moving average price is $32.02. The stock has a market cap of $139.63 million, a P/E ratio of 19.82 and a beta of 1.55.
Strattec Security Corporation (NASDAQ:STRT) last announced its quarterly earnings data on Thursday, August 10th. The auto parts company reported $0.48 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.60 by $0.12. Strattec Security Corporation had a net margin of 1.72% and a return on equity of 4.53%. The business had revenue of $108.43 million during the quarter. On average, analysts predict that Strattec Security Corporation will post $2.08 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 1.44%. The ex-dividend date is Thursday, September 14th. Strattec Security Corporation’s dividend payout ratio is presently 28.57%.
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Institutional investors and hedge funds have recently made changes to their positions in the business. FMR LLC boosted its holdings in Strattec Security Corporation by 27.3% in the 1st quarter. FMR LLC now owns 412,800 shares of the auto parts company’s stock valued at $11,476,000 after purchasing an additional 88,400 shares in the last quarter. Gamco Investors INC. ET AL boosted its stake in shares of Strattec Security Corporation by 4.0% during the 1st quarter. Gamco Investors INC. ET AL now owns 212,800 shares of the auto parts company’s stock worth $5,916,000 after acquiring an additional 8,201 shares in the last quarter. State Street Corp boosted its stake in shares of Strattec Security Corporation by 4.8% during the 4th quarter. State Street Corp now owns 46,391 shares of the auto parts company’s stock worth $1,867,000 after acquiring an additional 2,108 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Strattec Security Corporation by 38.9% during the 1st quarter. JPMorgan Chase & Co. now owns 4,328 shares of the auto parts company’s stock worth $120,000 after acquiring an additional 1,211 shares in the last quarter. Finally, Boston Partners boosted its stake in shares of Strattec Security Corporation by 2.2% during the 1st quarter. Boston Partners now owns 41,991 shares of the auto parts company’s stock worth $1,167,000 after acquiring an additional 898 shares in the last quarter. 83.15% of the stock is currently owned by institutional investors.
About Strattec Security Corporation
Strattec Security Corporation designs, develops, manufactures and markets automotive access control products. The Company offers access control products, including mechanical locks and keys, electronically enhanced locks and keys, steering column and instrument panel ignition lock housings, latches, power sliding side door systems, power lift gate systems, power deck lid systems, door handles and related products for North American automotive customers.
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